Surveillance: BOJ Jolt with BNY Mellon's Yu
Bloomberg Surveillance
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The Fed's Restrictive Policy
Jonathan Pingle of UBS: 4.1% down significantly from what it had been from 4.6%. When's it enough? Are we heading back toward 2% or to the conversation we had with Richard Clerida? He says they're making progress in terms of restrictiveness, not just because of rate hikes now, but also because they are making progress on inflation. If they're struggling to get back to their target, I think they probably would leave restrictive policy in place for a while," he adds.
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